[CryptoButthead.com , July 4, 2023 – msch] Howdy, now, on this glorious Fourth of July, while we’re grillin’ burgers and shootin’ off fireworks, Bitcoin and Ether decided to walk tall. They must’ve been too distracted by all the Independence Day celebrations, I reckon.
You see, them investors stayed mighty optimistic despite the Securities and Exchange Commission (SEC) throwin’ some criticism at BlackRock’s Bitcoin exchange-traded fund (ETF) application. BlackRock, bein’ the big dog in the money-managin’ business, didn’t let that stop ’em. They just went ahead and refiled that application, partnerin’ up with Coinbase as the proposed custodian. Take that, SEC!
Bitcoin slipped by about 0.54% from dawn till dusk in Hong Kong, restin’ at a cool US$30,971. Ether, on the other hand, took a tiny step down by 0.15% but managed to stay above US$1,900 since Sunday. These cryptos sure do know how to keep things interesting, don’t they?
Now, Bitcoin, bein’ the crypto granddaddy of ’em all, reached a high point of US$31,371 earlier on this fine Tuesday morning. That’s the highest it’s been since way back in June of 2022. Talk about makin’ a comeback!
We can’t help but give a tip of our hats to BlackRock, though. These folks ain’t afraid of a little SEC scuffle. They decided to put their faith in Coinbase, who’ll act as the custodian for their Bitcoin ETF. The Wall Street Journal even said that the SEC didn’t seem too impressed by Bitcoin ETF applications from the likes of BlackRock and Fidelity Investments. But you know what? BlackRock ain’t givin’ up. They’re standin’ tall and showin’ some real confidence in Bitcoin as a commodity. Good on ya, BlackRock!
Now, let’s talk about the winners and losers of the day. Litecoin took a bit of a tumble, fallin’ by a whopping 3.758% to US$107.36. It’s like it’s tryin’ to cool off before its upcoming third halving event on August 2. Gotta keep things mysterious, I suppose. And then there’s Binance’s BNB token, takin’ a little dip of 1.42% in the past 24 hours, sittin’ at US$245.23. Hang in there, fellas!
We got some winners too! Polygon’s Matic token decided to lead the pack, risin’ by a solid 2.21% to US$0.7053. Keep on truckin’, Matic! And let’s not forget about the XRP token, showin’ some strength with a 1.27% gain, reachin’ US$0.489. Way to go, XRP!
Overall, the total crypto market capitalization in the past 24 hours rose by a modest 0.36%, restin’ at a whopping US$1.21 trillion. Market volume also got a boost, increasin’ by a hefty 17.58% to US$37.49 billion. Them numbers keep climbin’, folks!
So, on this joyous Independence Day, let’s raise a glass to all them cryptocurrencies. Bitcoin and Ether might’ve stumbled a bit, but the crypto world keeps on spinnin’.
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